Calculated Industries 43285 - Manual (Page 21)

Recalling Tax and Insurance Rates
Recall your stored rates:
Steps Keystrokes Display
Recall Tax rate [Rcl] [Tax] 1.00
Recall Insurance rate [Rcl] [Ins] 0.25
Recall Mortgage Ins. rate [Rcl] [Mtg Ins] 0.15
Note: Pressing [On/C] [On/C] will set [Tax], [Ins] and [Mtg Ins] reg-
isters to zero. When in Pro-Mode ([Set] [+]), these become perma-
nent entries that can only be cleared by an All-Clear ([Set] [x]) or
by entering zeroes into the registers.
Total PITI Payment with Percentages
Find both the P&I and PITI payment on a new home with a
selling price of $125,000, a 5% down payment at 8.75% inter-
est for a term 15 years, given a 1% annual property tax and
0.25% annual property insurance.
Steps Keystrokes Display
Clear calculator [On/C] [On/C] 0.00
Set Tax rate 1 [Tax] 1.00
Set Insurance rate .25 [Ins] 0.25
Enter annual interest 8.75 [Int] 8.75
Enter term in years 15 [Term] 15.00
Enter sales price 125,000 [Price] 125,000.00
Enter down pmt 5 [Dn pmt] 5.00
Find loan amount [L/A] 118,750.00
Find P&I payment [Pmt] “run” 1,186.85
Find PITI payment [Pmt] 1,317.05
20 – Qualifier Plus ® IIx DT